Updates ( 9073 results )

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ITAT: Rejects CIT(A)’s application of RPT-filter absent assessee’s specific grievance before CIT(A)

  • In Favour of Revenue
  • Citation Number : TS-56-ITAT-2018(Bang)-TP
  • Tax Payer : Nirvana Business Solutions Pvt Ltd

ITAT: Grants conditional stay; TP-adjustment due to comparables selection in dispute

  • In Favour of Assessee
  • Citation Number : TS-55-ITAT-2018(Bang)-TP
  • Tax Payer : Finastra Software Solutions (India) Pvt Ltd (formerly Misys Software Solutions India Pvt Ltd)

ITAT:Accepts assessee’s PLR over TPO’s LIBOR for benchmarking FCCD interest; Follows Adama-ruling

  • In Favour of Assessee
  • Citation Number : TS-54-ITAT-2018(HYD)-TP
  • Tax Payer : Hyderabad Infratech Private Electronics Limited

HC:Upholds ITAT’s extension of demand stay beyond statutory limit, follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-53-HC-2018(DEL)-TP
  • Tax Payer : Pepsi Foods Pvt Ltd

ITAT: Sets aside CIT(A)'s order remanding ALP-computation; Directs CIT(A) to adjudicate issue himself

  • In Favour of Revenue
  • Citation Number : TS-52-ITAT-2018(Bang)-TP
  • Tax Payer : Integral India Software Development Centre (P) Ltd

ITAT:Excludes 3 comparables in Contract R&D segment; Remits working capital adjustment claim

  • In Favour of Assessee
  • Citation Number : TS-51-ITAT-2018(DEL)-TP
  • Tax Payer : Akzo Noble Car Refinishes India Pvt Ltd

ITAT: Remits assessee’s functional profile determination, management services transaction back to TPO

  • In Favour of Both, Partially
  • Citation Number : TS-1096-ITAT-2017(Bang)-TP
  • Tax Payer : CAE India Pvt Ltd

ITAT:Grants conditional stay; ALP adjustment to be restricted only to AE-transactions

  • In Favour of Both, Partially
  • Citation Number : TS-50-ITAT-2018(Bang)-TP
  • Tax Payer : IKA India P Ltd

ITAT: Excludes 3 comparables for software developer; Allows capacity underutilization adjustment following Moschip-ruling

  • In Favour of Assessee
  • Citation Number : TS-1095-ITAT-2017(HYD)-TP
  • Tax Payer : Capgemini Technology Services India Ltd (formerly known as IGATE Global Solutions Ltd)

ITAT: Sets aside non-speaking CIT(A)-order confirming TP-adjustment; Directs re-adjudication

  • In Favour of Assessee
  • Citation Number : TS-49-ITAT-2018(Mum)-TP
  • Tax Payer : Perstorp Chemicals India Pvt Ltd

ITAT: Deletes TP-adjustment on royalty; Follows earlier year ITAT order

  • In Favour of Assessee
  • Citation Number : TS-1094-ITAT-2017(DEL)-TP
  • Tax Payer : Lumax Industries Ltd

ITAT:Directs R-Systems inclusion if FY-results can be reasonably extrapolated; Follows Mckinsey HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-48-ITAT-2018(DEL)-TP
  • Tax Payer : ST Microelectronics Pvt. Ltd

HC: Dismisses assessee's review petition challenging HC-order on appropriateness of TNMM

  • In Favour of Revenue
  • Citation Number : TS-47-HC-2018(DEL)-TP
  • Tax Payer : Cargill Foods India Pvt Ltd

HC: Upholds ITAT-order confirming TP-adjustment on discount to AE on merchanting transaction

  • In Favour of Revenue
  • Citation Number : TS-1093-HC-2017(DEL)-TP
  • Tax Payer : Cargill Foods India Pvt Ltd

HC:Dismisses Revenue's appeal and upholds ITAT's exclusion of 2 comparables

  • In Favour of Assessee
  • Citation Number : TS-1092-HC-2017(DEL)-TP
  • Tax Payer : ST Microelectronics Pvt Ltd (Earlier known as Genesis Microchip (India) Pvt Ltd)

SC:Dismisses Revenue’s SLP against HC-order confirming comparables exclusion

  • In Favour of Assessee
  • Citation Number : TS-46-SC-2018-TP
  • Tax Payer : ST Microelectronics Pvt Ltd (Before merger known as Genesis Microchip (India) Pvt Ltd)

ITAT: Excludes 3 comparables citing different business model, merger affecting comparability and RPT

  • In Favour of Assessee
  • Citation Number : TS-1091-ITAT-2017(DEL)-TP
  • Tax Payer : Transcend MT Services Pvt Ltd

HC: Dismisses Revenue's appeal against comparable inclusion absent functional dissimilarity, factor impacting profitability

  • In Favour of Assessee
  • Citation Number : TS-45-HC-2018(DEL)-TP
  • Tax Payer : Becton Dickinson India Pvt Ltd

ITAT: Remits comparable selection citing failure to consider functional analysis regarding employee cost

  • In Favour of Both, Partially
  • Citation Number : TS-1090-ITAT-2017(CHNY)-TP
  • Tax Payer : Flextronics Technologies (India) Pvt Ltd

ITAT:Issue that reached finality in earlier-year can’t be challenged in subsequent-year; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-1089-ITAT-2017(Ahd)-TP
  • Tax Payer : Suzlon Energy Limited